Grillit Inc (GRLT)

[kentonmag1]

I would never trust a Company that has increased their shares from 8 million to 305 million in 20 months. Who can trust that number to not be 1 billion or more in another 20 months. On the other hand now that they have totally diluted everybody's holdings they could do a 1 for 30 reverse split (which has happened to me before) to get the number of shares trading back to around 10 million. And believe me the PPS NEVER goes up by 30, or whatever the reverse split numbers are, in Penny world.

In answer to your 4% return question, Grillits 2 owner operated outlets generated about 750K revenue (not profit)last year. If the new franchise generates 400K revenue that is 16K to GRLT. I have followed GRLT for close on 2 years now and recall all of promises/lies that drove the share price up over $5. They should have been at over 20 franchises based on those lies. Based on the numbers above that would have been a yearly return of $320K plus the one off start-up payment of 12K or 25K (cant remember whether it was 12K or 25K) for each franchise. And how many Grillit franchises have opened in the last 2 years, ONE!!!!

Sorry but this Company (GRLT) is a joke and the people running the show have bilked investors out of millions.